Lululemon Athletica Inc reported Q3 2024 (QQ3 2024) revenue of $2.39666 billion, representing a year-over-year decline of 25.22% and a sequential QoQ increase of 1.08%. The decline reflects tougher year-ago comparables and macro headwinds within the premium apparel segment, yet the company delivered a robust gross margin of 58.48%, an operating margin of 20.47%, and a solid net income of $351.87 million (EPS $2.87). Despite the revenue softness, EBITDA was $604.26 million and free cash flow reached $122.18 million, underscoring meaningful profitability leverage and ongoing cash-generation capability. Cash from operating activities stood at $300.66 million, while cash and cash equivalents totaled $1.188 billion at period-end; net debt was modest at approximately $325.68 million on total debt of $1.514 billion, illustrating a healthy liquidity position amid a high-quality balance sheet.